-In the above figure, when the interest rate is 8 per cent and household income is $40,000, household consumption is

Name: -In the above figure, when the interest rate is 8 per cent and household income is $40,000, household consumption is
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The correct answer is $20,000 because the figure likely shows a consumption function where consumption depends on income and interest rates. At an 8% interest rate and $40,000 income, the consumption level is $20,000.

-In the Above Figure, When the Interest Rate Is 8